Mortgage and Financial News From 2008-6-6 Page 6
Previous Day: 2008-06-05
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Troubled loans get recast, sold - Chicago Tribune
A window of opportunity may soon open for owners who have found themselves in trouble because of the mortgages they took out to finance their homes. As long as you can requalify under today's more stringent lending standards, you may have a shot to ...
2008-06-06 11:13:00 -
Subprime mortgage lenders defended - MyFinances.co.uk
The Intermediary Mortgage Lenders Association (IMLA) has moved to defend subprime lenders from attack after the Liberal Democrat's branded them unscrupulous. Following the launch of Council of Mortgage Lenders (CML) guidelines dealing with arrears in ...
2008-06-06 04:39:00 -
Mortgage Fraud, Sex Predator, Meth Crackdowns On Pence's Agenda - Indy Channel
INDIANAPOLIS -- A woman best remembered for collecting millions of dollars after a sewage spill killed thousands of fish hopes to be the state's next attorney general. Pence, who is in private practice in Indianapolis, is the Democrats' nominee. She ...
2008-06-05 01:37:00 -
FBI probing bankrupt developer - Chicago Sun-Times
A brash Chicago builder who returned home to Lithuania as unpaid debts accumulated here has drawn the interest of the FBI, two sources said. The sources said FBI agents are asking about the activities of Andrius Augunas, whose plans for remaking ...
2008-06-06 02:02:00 -
N.H. announces new mortgage fraud task force - Portsmouth Herald
CONCORD — Several state agencies are working with federal authorities to investigate mortgage fraud in New Hampshire. The New Hampshire Mortgage Task Force was announced Thursday by U.S. Attorney Tom Colantuono and Attorney General Kelly Ayotte ...
2008-06-05 04:43:00 -
Our Shrinking Home Equity - BusinessWeek
My hat is off to the folks at the financial industry trade publication Investment News for creating this fascinating and frightening table showing how America’s home equity has withered over the decades. The big news here is that for the first time ...
2008-06-06 06:41:00 -
No Enron-type task force seen for mortgage fraud - Reuters
WASHINGTON, June 5 (Reuters) - U.S. Attorney General Michael Mukasey said on Thursday the housing mortgage crisis appears concentrated in certain areas, and there is no need for the Justice Department to create an Enron-type task force. "I have a ...
2008-06-05 02:34:00 -
PMI Launches Website to Help Prevent Unnecessary Foreclosures - MSN MoneyCentral
WALNUT CREEK, Calif., June 4 /PRNewswire-FirstCall/ -- PMI Mortgage Insurance Co., the primary subsidiary of The PMI Group, Inc. PMI , today launched a new consumer-focused website at http://www.homesafepmi.com to help homeowners save their homes ...
2008-06-04 08:52:00 -
Old Republic cut to 'A+', placed on negative watch - Fitch - Forbes
MUMBAI (Thomson Financial) - Fitch Ratings downgraded Old Republic International Corp. (ORI) and signalled a further possible downgrade. It cut ORI's issuer default rating and commercial paper rating to 'A+' and F1 respectively. The insurer financial ...
2008-06-06 03:35:00 -
Will a New Loan Really Save You Money? - Street.Com
Refinancing accounts for a major proportion of mortgage applications these days, hovering just under half of all applications for the past few weeks according to the latest Mortgage Bankers Association Weekly Survey . Before you consider jumping onto ...
2008-06-06 07:17:00 -
PMI Group says it is unaffected by Fitch downgrade - Boston Globe
WALNUT CREEK, Calif.— Mortgage insurer PMI Group Inc. said Thursday night its recent ratings downgrade by Fitch Ratings will not affect its operations and claims-paying abilities. Earlier Thursday, Fitch cut the insurer financial strength rating of ...
2008-06-06 05:15:00 -
Washington Mutual, MGIC, National City Drag Finance Stocks Down - Bloomberg
June 6 (Bloomberg) -- Washington Mutual Inc ., MGIC Investment Corp. and National City Corp . led mortgage-related stocks lower in New York trading on concerns that the worst housing crisis since the Great Depression is persisting. Lender Washington ...
2008-06-06 08:50:00 -
Ethos Investigative Services Introduces Mortgage Fraud Investigation ... - Forbes
ST. PETERSBURG, Fla., June 6 /PRNewswire/ -- St. Petersburg, Fla.-based Ethos Investigative Services, Inc. has added mortgage fraud investigations to its roster of risk-mitigation services. Ethos investigates claims for banks, financial institutions ...
2008-06-06 03:06:00 -
FDIC's Bair expects bank failures 'in the near term will be higher ... - Forbes
WASHINGTON (Thomson Financial) - The chairwoman of the Federal Deposit Insurance Corporation told the Senate Banking Committee Thursday that she expects bank failures to rise in the coming quarters due to ongoing problems in the mortgage and credit ...
2008-06-05 09:19:00 -
Fed approves BofA's purchase of Countrywide (South Florida Business Journal)
The Federal Reserve gave Bank of America Corp. permission Thursday to buy subprime mortgage lender Countrywide Financial Corp. (CFC) (BAC)
2008-06-06 07:56:41